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ENRON AFFILIATES ANNOUNCE DIVIDENDS
FOR IMMEDIATE RELEASE: Friday, June 16, 2000
HOUSTON -- Enron Capital LLC, a wholly owned subsidiary of Enron Corp., announced today the declaration of its monthly dividend of $0.166667on the Enron Capital LLC 8% Cumulative Guaranteed Monthly Income Preferred Shares for the month of June, payable June 30, 2000 to stockholders of record as of June 29, 2000. The annual dividend rate is $2.00.
Enron Capital Resources, L.P., a Delaware limited partnership in which Enron Corp. is the sole general partner, declared its monthly dividend of $0.1875 on the Enron Capital Resources, L.P. 9% Cumulative Preferred Securities, Series A, for the month of June, payable June 30, 2000 to holders of record as of June 29, 2000. The annual dividend rate is $2.25.
Enron Capital Trust I, a Delaware statutory business trust, declared its quarterly dividend of $0.51875 on the Enron Capital Trust I 8.30% Trust Originated Preferred Securities, payable June 30, 2000 to holders of record as June 29, 2000. The annual dividend is equivalent to $2.075 per preferred security.
Enron Capital Trust II, a Delaware statutory business trust, declared its quarterly dividend of $0.5078 on the Enron Capital Trust II 8.125% Trust Originated Preferred Securities, payable June 30, 2000 to holders of record as of June 29, 2000. The annual dividend is equivalent to $2.03125 per preferred security.
Enron is one of the world’s leading electricity, natural gas and communications companies. The company, which owns approximately $37 billion in energy and communications assets, produces electricity and natural gas, develops, constructs and operates energy facilities worldwide, delivers physical commodities and financial and risk management services to customers around the world, and is developing an intelligent network platform to facilitate online business. Fortune magazine has named Enron "Most Innovative Company" for five consecutive years, the top company for "Quality of Management" and the second best company for "Employee Talent." In addition, Enron ranks in the top quarter of Fortune's "Best 100 Companies to Work For in America." Enron’s Internet address is www.enron.com. The stock is traded under the ticker symbol "ENE."
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For additional information please contact:
Karen Denne
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